Royal Caribbean Cruises Ltd (RCL) Shares Bought by Rhumbline Advisers

Rhumbline Advisers lifted its stake in Royal Caribbean Cruises Ltd (NYSE:RCL) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 329,268 shares of the company’s stock after purchasing an additional 5,722 shares during the quarter. Rhumbline Advisers’ holdings in Royal Caribbean Cruises were worth $39,275,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. lifted its stake in Royal Caribbean Cruises by 148.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 108,281 shares of the company’s stock valued at $12,836,000 after purchasing an additional 64,663 shares during the last quarter. Stifel Financial Corp lifted its stake in Royal Caribbean Cruises by 10.1% during the third quarter. Stifel Financial Corp now owns 97,388 shares of the company’s stock valued at $11,551,000 after purchasing an additional 8,960 shares during the last quarter. Invictus RG lifted its stake in Royal Caribbean Cruises by 167.5% during the third quarter. Invictus RG now owns 2,539 shares of the company’s stock valued at $301,000 after purchasing an additional 1,590 shares during the last quarter. Jaffetilchin Investment Partners LLC lifted its stake in Royal Caribbean Cruises by 16.1% during the third quarter. Jaffetilchin Investment Partners LLC now owns 9,962 shares of the company’s stock valued at $1,181,000 after purchasing an additional 1,379 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Royal Caribbean Cruises by 12.3% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,993 shares of the company’s stock valued at $1,659,000 after purchasing an additional 1,530 shares during the last quarter. 66.05% of the stock is owned by institutional investors and hedge funds.

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Several research firms recently commented on RCL. Bank of America increased their target price on shares of Royal Caribbean Cruises from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. Zacks Investment Research lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Berenberg Bank raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. JPMorgan Chase & Co. increased their target price on shares of Royal Caribbean Cruises from $139.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Finally, SunTrust Banks reissued a “buy” rating and set a $137.00 target price on shares of Royal Caribbean Cruises in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $137.67.

Shares of Royal Caribbean Cruises Ltd (RCL) opened at $131.68 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.18 and a quick ratio of 0.15. The company has a market cap of $30,970.99, a P/E ratio of 17.49, a P/E/G ratio of 0.68 and a beta of 1.11. Royal Caribbean Cruises Ltd has a 12-month low of $93.40 and a 12-month high of $135.65.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Wednesday, January 24th. The company reported $1.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.14. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.97 billion. Royal Caribbean Cruises had a net margin of 18.51% and a return on equity of 16.22%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.23 EPS. research analysts forecast that Royal Caribbean Cruises Ltd will post 8.7 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Wednesday, March 7th will be given a $0.60 dividend. The ex-dividend date is Tuesday, March 6th. This represents a $2.40 annualized dividend and a dividend yield of 1.82%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 31.87%.

In other Royal Caribbean Cruises news, SVP Bradley H. Stein sold 9,071 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $124.64, for a total value of $1,130,609.44. Following the transaction, the senior vice president now owns 17,341 shares in the company, valued at approximately $2,161,382.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $123.00, for a total transaction of $2,460,000.00. Following the completion of the transaction, the chief executive officer now owns 847,741 shares in the company, valued at approximately $104,272,143. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,895 shares of company stock valued at $11,554,161. 15.30% of the stock is owned by insiders.

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Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands).

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